400 Park Ave Williamsport, PA 17701

Property Details for 400 Park Ave

Year built

1903

Lot size

3.00 lot acres

Property size

220,300 SF

Property type

Distribution centers

Description

This exceptional redevelopment opportunity encompasses two adjacent industrial buildings situated at 400 Park Avenue and 421 High Street in Williamsport, Pennsylvania, totaling 220,300 square feet. The property offers 136,000 square feet of net rentable space, currently at 5% occupancy, presenting significant upside potential for owner-users, investors, and developers. The buildings, constructed in 1903 and renovated in 1950, are two stories and sit on a three-acre lot. The property is zoned 04INI and benefits from a highly desirable location less than a mile from I-180, providing easy access to I-80. This prime location is within a mile radius of over 14,000 residents in downtown Williamsport, a thriving cultural, financial, and commercial center of north-central Pennsylvania. The current owner is undertaking significant improvements, including window and roof replacements scheduled for completion in April 2024. This presents a unique chance to acquire a substantial industrial property in a strong market with robust commercial rental growth. The property's fee simple ownership provides complete control and flexibility for future development.